February 28, 20224 yr So, how many of you bought Rubles in the past 2-3 days? Can it be done now? The baht is currently up 26.7% against the ruble so 100,000 thb could net 127,000 thb in a few weeks.
February 28, 20224 yr Or, the ruble may continue to sink and never return to pre-war levels. You could get hammered. Worst case: ruble gets replaced by a New Ruble, and your old ones turn to dust.
February 28, 20224 yr The Russian Central Bank has been interdicted by Western sanctions. It can't sell gold or forex through legal channels to prop up the ruble, Maintaining the stability of a country's currency is the role of all central banks, and they are normally sacrosanct in the world financial system. Blocking one of them out is unprecedented. I expect the ruble to fall further, wars cost money.
February 28, 20224 yr The stock market is suspended, that will hit the floor when it opens, must be thousands of people wanting to sell their holdings incl pension funds
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